What type of sales account should an item related to R&D have?
should it be coded as a special sale account under expenses or should it be under sales and wages?
Thanks!
How R&D is treated may depend on the type of organisation and the nature of the R&D being tracked.
Typically classified as expenses and not income.
This may require a conversation with your accountant or adviser.
https://www.investopedia.com/terms/r/research-and-development-expenses.asp
Don't miss announcements and important info for Reckon One.
Check out our Reckon One how-to videos for tips & tricks, and help with common tasks!
Got a cool idea or want a new feature in Reckon One? Click here to let us know!
